Fee Structure at LBSITM: A Comprehensive Breakdown
The fee structure at LBSITM is designed to provide high-quality education while ensuring affordability for students from diverse economic backgrounds. The total cost includes tuition, hostel, mess, and other ancillary charges.
| Semester | Tuition Fee | Hostel Fee | Mess Fee | Medical Fee | Other Charges | Total Annual Cost |
|---|---|---|---|---|---|---|
| 1st Semester | 75,000 | 40,000 | 20,000 | 3,000 | 5,000 | 143,000 |
| 2nd Semester | 75,000 | 40,000 | 20,000 | 3,000 | 5,000 | 143,000 |
| 3rd Semester | 75,000 | 40,000 | 20,000 | 3,000 | 5,000 | 143,000 |
| 4th Semester | 75,000 | 40,000 | 20,000 | 3,000 | 5,000 | 143,000 |
| 5th Semester | 75,000 | 40,000 | 20,000 | 3,000 | 5,000 | 143,000 |
| 6th Semester | 75,000 | 40,000 | 20,000 | 3,000 | 5,000 | 143,000 |
| 7th Semester | 75,000 | 40,000 | 20,000 | 3,000 | 5,000 | 143,000 |
| 8th Semester | 75,000 | 40,000 | 20,000 | 3,000 | 5,000 | 143,000 |
The total annual cost of studying at LBSITM is approximately Rs. 143,000, which includes all essential charges for a full academic year. This figure provides transparency regarding the financial commitment required for pursuing an engineering education.
Hostel & Mess Charges
LBSITM offers well-furnished hostels to accommodate students from across India. The hostel facilities are designed to provide comfort, safety, and a conducive environment for learning and social interaction.
The hostel fees vary based on the room type:
- Single Occupancy Room: Rs. 15,000 per semester
- Double Occupancy Room: Rs. 20,000 per semester
- Triple Occupancy Room: Rs. 25,000 per semester
- Quadruple Occupancy Room: Rs. 30,000 per semester
Each hostel room is equipped with basic amenities including bedding, furniture, Wi-Fi access, and security systems. Additionally, there are common areas such as lounges, study rooms, and recreational facilities.
The mess charges are inclusive of three meals per day (breakfast, lunch, and dinner) and are set at Rs. 20,000 per semester. The dining hall offers a variety of vegetarian and non-vegetarian options prepared by professional chefs using hygienic practices.
Return on Investment (ROI) Analysis
The return on investment for studying at LBSITM is substantial, considering the average placement package and career prospects available to graduates. With an average starting salary of Rs. 6 lakh per annum, students can recover their investment within 1-2 years post-graduation.
Based on historical data, the ROI for LBSITM graduates is approximately 1.2x to 1.3x over a period of five years. This means that for every rupee invested in tuition and living expenses, students can expect a return of Rs. 1.2-1.3 within this timeframe.
Additionally, the institute's strong alumni network provides ongoing support through mentorship, networking events, and career guidance. These resources further enhance the value proposition of studying at LBSITM by offering long-term benefits beyond immediate financial returns.
The high placement rate of 92% ensures that graduates are able to secure jobs quickly after completing their studies, minimizing the time between education and earning potential. This rapid transition from student to professional significantly improves the overall ROI for students who choose LBSITM as their educational destination.
Furthermore, many alumni have gone on to pursue higher education or start their own ventures, which adds another dimension to the ROI by enabling additional income streams and personal development opportunities.